Hannaford Supermarket

Not Subject Property
Hannaford Supermarket
21 Timpany Boulevard, Gardner, MA
Exclusive Offering
Price: Unpriced | NOI: $639,470
 Hannaford Supermarket with Corporate Delhaize Group Guarantee
 Delhaize Group: NYSE: DEG | S&P: “BBB-” Investment Grade
 Rare single tenant net leased supermarket in New England
Phone: 212.972.3947
Fax: 212.686.0078
dan@exp1031.com
www.exp1031.com
 Very large 12% rent increases every 5 years (next one January 2017)
 42,000 +/- sf building on 2.72 acres of land
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Hannaford Supermarket
Investment Overview
PROPERTY OVERVIEW:
EXP Realty Advisors exclusively presents for sale this rare, freestanding supermarket, which is 100% leased to
Hannaford. The base lease term expires in December 2026, with very large 12% rent increases every 5 years. The
next scheduled escalation is on January 1st, 2017 and again in 2022. The lease is guaranteed by Delhaize Group which
is publicly traded on the NYSE and carries an S&P investment grade credit rating of BBB-. This location is a top
performer for Hannaford with strong store sales.
The property sits at the intersection of Main Street & Timpany Blvd and is centrally located within the town of
Gardner making it very convenient for residents to shop. It is also well located just off exit 22 on the heavily
trafficked MA-2 making access to the store very convenient for residents of neighboring towns. MA-2 connects
most of the communities along the northern portion of Massachusetts.
Retailers in the immediate vicinity of the property include CVS, Rite Aid, Advance Auto Parts and Fidelity Bank. Other
retailers in the area include McDonald’s, Burger King, Dunkin Donuts, Stop & Shop, Dollar Tree,, Big Lots, Radioshack,
BP Gas, Shell, Dodge, Chevy, AutoZone, Meineke, Edward Jones, True Value, Price Chopper, Wal-Mart and Car
Quest.
INVESTMENT SUMMARY
Price:
Unpriced
NNN Rent:
$639,470
Bld. Sq Ft:
42,382 sf
Land Size:
2.72 acres
Parking:
107 +/- spots
LOCATION OVERVIEW:
Gardner is a city in Worcester County, Massachusetts. It is located in the North Central portion of the state and is
approximately 12 miles from the border with New Hampshire. Gardner is home to Dunn State Park, Gardner
Heritage State Park, Lake Wampanoag Wildlife Sanctuary, and Mount Wachusett Community College.
LEASE SUMMARY:
Rent Commencement:
Lease Expiration:
Current Rent:
Escalations:
Options:
Options Escalations:
Lease Type:
Capital Improvements:
January 2006
December 2026
$639,470 ($15.09 psf)
12% every 5 years | Next increase 1/1/2017
Four (5) year options
12% every 5 years
Double net lease. Landlord is responsible to maintain the roof and structure of
the building . Landlord is also responsible for repairs and replacement of the
parking lot. Tenant is responsible for pot holes, snow removal and landscaping.
Parking lot was repaved & restriped in October of 2013 essentially
eliminating any foreseeable costs associated with the parking lot. A Versico
roof was installed in June of 2004. Some minor roof repairs were completed in
2014.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW
Hannaford Supermarket
Investment Overview
TENANT SUMMARY:
Hannaford's lease is guaranteed by Delhaize America, Inc which is a wholly owned subsidiary of Delhaize Group.
HANNAFORD
Hannaford operates over 180 stores and employs more than 26,000 associates. Their service area includes Maine,
Massachusetts, New Hampshire, New York, Vermont. Hannaford is a Delhaize America company, and is owned by
Belgian based Delhaize Group, one of the world's largest food retailers.
Hannaford Bros. may have started as a fruit and vegetable stand in 1883, but it has expanded from its Maine roots to
become an upscale grocer with some 180 stores under the Hannaford Supermarkets banner throughout Maine,
Massachusetts, New Hampshire, upstate New York, and Vermont. Still, produce continues to be a major focus at the
Hannaford supermarkets, as are expansive meat selections and natural food products. About 80% of the Hannaford
stores are combination grocery stores and pharmacies. The stores average about 47,800 sq. ft. Maine's largest
supermarket chain, Hannaford Bros. is owned by Delhaize America (parent of Food Lion), which in turn is owned by
Belgium's Delhaize Group.
About Delhaize America
Delhaize America, one of the nation's largest grocery retailing companies, has more than 1,500 stores along the East
Coast. Delhaize America companies include Bottom Dollar Food, Food Lion, Harveys, Hannaford Supermarkets, Reid's
and Sweetbay Supermarket. Each banner has a distinct identity and well-established brand image within its respective
markets across 16 states, offering market-specific products and services to meet the unique needs of its customers.
Delhaize America employs more than 107,000 full-time and part-time associates. The company is part of Delhaize
Group (NYSE: DEG), an international grocery retailer based in Brussels, Belgium.
About Delhaize Group: NYSE: DEG | S&P: “BBB-” Investment Grade
Delhaize Group, a Belgian international food retailer with more than 3,400 stores in eleven countries on three
continents, is the parent company of Delhaize America. Delhaize Group's stock is listed on NYSE Euronext Brussels
(DELB) and the New York Stock Exchange (DEG).
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW
Hannaford Supermarket
Site Plan
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Hannaford Supermarket
Aerial Photograph
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Hannaford Supermarket
Location Map
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Hannaford Supermarket
Demographic Data
Radius
Population:
2019 Projection
2014 Estimate
2010 Census
Growth 2014-2019
Growth 2010-2014
2014 Population Hispanic Origin
2014 Population by Race:
White
Black
Am. Indian & Alaskan
Asian
Hawaiian & Pacific Island
Other
Households:
2019 Projection
2014 Estimate
2010 Census
Growth 2014 - 2019
Growth 2010 - 2014
Owner Occupied
Renter Occupied
2014 Avg Household Income
2014 Med Household Income
2014 Households by Household Inc:
<$25,000
$25,000 - $50,000
$50,000 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000+
3 Mile
5 Mile
10 Mile
22,317
22,100
22,172
0.98%
-0.32%
1,535
31,893
31,719
32,240
0.55%
-1.62%
1,765
82,226
81,455
81,826
0.95%
-0.45%
6,873
20,628
670
79
323
20
381
29,931
767
94
425
20
483
76,000
2,349
255
1,434
42
1,374
8,953
8,865
8,913
0.99%
-1.77%
5,134
3,732
$60,071
$47,669
12,428
12,354
12,569
0.60%
-2.83%
8,053
4,302
$66,016
$55,592
31,539
31,229
31,401
0.99%
-2.67%
21,690
9,539
$70,484
$58,534
2,404
2,173
1,873
1,058
585
430
184
159
2,910
2,757
2,598
1,700
1,084
702
354
248
6,782
6,820
5,883
4,473
3,254
1,838
1,496
683
Contact Us
EXP Realty Advisors
118 East 28th Street
Suite #901
New York, NY 10016
Phone: (212) 972-3947
Fax: (212) 686-0078
www.exp1031.com
Our Team
Daniel de Sa‘
Director of Sales
E-mail: dan@exp1031.com
Robert P. James
President
In association with
Summit Realty Partners, Inc.
Lic.#: 5930
This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or
represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.